We are going to cancel the Portfolio #2 recommendation of the DUK call spread.
After checking the bid/ask prices for the JUNE 70/72.5 Call, the credit posted was entirely too high.
I listed a credit for the spread of $0.30 for the June 70/72.5 Call, however it is actually only $0.10.
So with that in mind, please cancel the DUK call spread recommendation for Portfolio #2.
So, instead I am offering the following supplement put and call plays, for both portfolio's if you decide that you need additional spread selections.
Please see Supplemental selections for both portfolios below ( Call and Put Plays included):
SUPPLEMENTAL CALL and PUT MCM JUNE 2013 TRADE IDEAS FOR 06-03-13.
The following issues are a few trade candidates to supplement
your search for profitable option trades. As with any investment, you
must decide if the selections meet your criteria for potential plays.
Only you can know what strategies and positions are suitable for your
experience level, risk-reward tolerance and individual outlook.
There will be no commentary or analysis offered on these positions,
nor will they be included in the MCM Portfolio.
NOTE:Please double check to see if any of these issues
have earnings reports scheduled, these issues should not, but double
The following spread supplemental list below is made up of bullish and bearish EQUITY issue spreads.
SUPPLEMENTAL CALL PLAYS.
SUPPLEMENTAL PUT PLAYS.